insert_link Business / Economics NamRa Commissioner sets record straight on tax refunds Businesses have raised concerns about the tax relief that was gazetted in October. This follows the Ministry of Finance and Public Enterprises' announcement that employers will need to reimburse employees once the new statutory tax rates are officially published. Namibia Revenue Agency's commissioner, Sam Shivute explains. today21 October, 2024
insert_link Opinion Pieces Stakeholder contribution towards pension fund operational efficiency Pension funds are essential for the responsible management and safeguarding of members' retirement savings, providing peace of mind through robust communication and awareness efforts. These savings offer financial security, independence, and stability upon retirement, disability, ill-health, and death, while also serving as a cushion in cases such as retrenchment. For pension funds to operate efficiently, contributions must be managed responsibly within regulatory and legislative frameworks, with a focus […] today17 September, 2024
insert_link Oshiwambo O NamRA no NIPDB ya shaina etsokumwe oku nkondopeka elongelokumwe O Namibia Investment Promotion and Development Board no Namibia Revenue Agency ,oya shaina etsokumwe ndyoka tali ka pitika o NamRA yi tume aakalelipo ya ka kale nombelewa metungo lyo NIPDB,noku ka gandja omayakulo kaapunguli. Omunambelewa gomakwatathano mo NIPDB Catherine Shipushu okwati elongelokumwe ndika otali kongo oku ningitha oshipu iikumungu yinasha niihohela,oku nawapaleka iilonga netulomilonga lyooveta dhegongelo lyiifuta yokongulu,noku yela elongelokumwe lyopamuhanga miinima yiimanga komilandu eendithi dhoka dha guma paukililo nenge […] today12 September, 2024
insert_link Business / Economics Revenue Agency to Suspend Unlicensed Clearing Agents The Namibia Revenue Agency has announced that clearing agents who do not renew their licenses for 2024 will face suspension. A 30-day grace period will be provided, from August 14 to September 13, for agents to complete their renewal. Failure to renew by the deadline will result in license termination. The agency's Tonateni Shidhudhu. today15 August, 2024
insert_link Namibia NamRa collects N$21.4 billion in Q2 revenue The Namibia Revenue Agency has collected N$21.4 billion in revenue during the quarter ending 30 June 2024, representing 25.1% of the N$85.3 billion annual revenue target. NamRA's Commissioner and CEO, Sam Shivute, said that domestic taxes were the main contributor, generating N$13.5 billion or 63% of the total revenue. According to The Brief, the remaining N$7.9 billion was derived from customs and excise duties, primarily through SACU receipts. today5 August, 2024
insert_link Oshiwambo O NamRA ya gongela oshimaliwa shoodola oomilion 20 okuza momahangano goohi methimbo efupi elela Oshikondo shoku gongela oompale dhepangelo o Namibia revenue Agency -NAMRA osheshi pondola oku monapo oodola oomilion 20 okuza komahangano goohi pokati ko 1 May no 19 July nuumvo,okupitila moo summons, nekwatelemo lyoongundu oontitatu,mwa kwatelwa oombanga dhopaipindi ,oku yamukula kwaamboka yeli konima nenge itaayi futu oompale dhepangelo. Omupopilio go Namra Steven Ndorokaze okwati oshikondo shooohi osha kala shili mokati kaamboka yeli pevi elela oku gandja sha moshiketha shepangelo,niifuta ya futwa aanambelewa kuluntu,niilyo […] today26 July, 2024
insert_link Business / Economics NamRA warns of penalties for late tax returns The Namibia Revenue Agency has reminded the public to submit their income tax returns for the fiscal year 2023/24 before the deadline. NamRa spokesperson, Steven Ndorokaze stressed the importance of timely submission to ensure compliance and avoid penalties. today27 June, 2024
insert_link Business / Economics NamRa extends deadline for tax certificates to April 2025 The Namibia Revenue Agency has extended the transitional arrangements for obtaining Tax Certificates of Good Standing. This means businesses will have more time to comply with the recently revised guidelines. Originally scheduled to come into effect on 1 June 2024 the new guidelines will now be implemented on 1 April 2025. NamRA’s Acting Chief of Strategic Communications and Support Engagements, Victor Musiwa. today18 June, 2024
insert_link Business / Economics Namibia Breweries Limited receives double honour for revenue contribution in 2023 Namibia Breweries Limited has been awarded the “Overall Highest Trader Revenue Contribution” for the year 2023 by the Namibia Revenue Agency showcasing the NBL’s tax compliance and overall positive contribution to the development of the local economy. NBL was awarded in the category of the “Highest Contributor of Customs and Excise,” which relates to the revenue collected mainly on customs and excise duties and Value Added Tax for the period […] today18 April, 2024
